SRG acquires Insolvency Risk Services (IRS)

SRG, the fast-growing specialist insurance broker who acquired Miles Smith, The Underwriting Exchange, Square Mile Broking and David Codling and Associates, is pleased to announce its agreement to acquire Insolvency Risk Services (IRS), a division of MS Amlin subject to regulatory approval.

IRS serves the needs of accounting firms and insolvency practitioners across the UK and Ireland as they provide insurance support for companies in administration. Through arranging broad and swift insurance coverage, IRS provides insolvent companies and administrators the protection they need to successfully emerge from administration.

IRS is a significant player within the UK insolvency market and this move signals their return to the insurance broking world after several years as a division of MS Amlin.

As part of the acquisition, MS Amlin will provide SRG with ongoing dedicated capacity for these risk exposures. This forms one of three strategic partnerships about which more will be announced in due course.